PRESS RELEASE. DSLA Protocol has released the first version of its decentralized service level agreement (SLA) protocol on the Ethereum L1 blockchain. Level 2 functions will also be introduced in Harmony and Avalanche in the near future, depending on the results of ongoing audits.
The DSLA protocol developed by Stacktical is a decentralized risk management system. It allows the various participants in a given service to weigh up the risks of third parties on a peer-to-peer basis. This enables developers and infrastructure managers to create blockchain-based outsourcing contracts.
In the above mentioned outsourcing contracts, cryptocurrencies are stored and issued based on the performance of the above mentioned third parties. Simply put, DSLA allows its users to delegate risk to a third party and share it with other users of the system who have the resources to take on that risk and be rewarded for it.
Simply put, these contracts provide an additional layer of security for the overall trust-based system through the use of irrevocable peer-to-peer technology. In this way, blockchain technology improves coverage such as insurance products and provides stable revenue for users and incentives for providers in terms of speed, performance, uptime and more.
Simplification of the DSLA
While the concept of DSLA may seem complex, the use cases are quite simple and necessary for the development of emerging cryptocurrency sectors such as decentralized finance (DeFi).
For example, the DSLA protocol can be used to reduce the financial losses of delegation and deFi users while promoting good performance and reliability of battery pool operators and deFi and NFT service providers such as Uniswap, Sushiswap, OpenSea, and others.
What does the DSLA v1 protocol add to table?
The release of the DSLA v1 protocol introduces a number of unique innovations. It enables developers, users and liquidity providers to exchangerisks with each other within Risk Prediction Markets.
It also introduces reliability forecasting to quickly assess third-party risk based on the wisdom of the SLA market and its participants. TheSLA futures positions will also create tokenized LONG/SHORT positions issued to the risk averse SLA maker (LONG) or risk balancing SLA user (SHORT), allowing participants to increase their profit and risk exposure.
Some symbolic innovations have also been introduced. Includes triple token , SLA overload for section and – clean token.
In addition, DSLA also introduces a number of tools for developers, such as. B. Programmable SLAs, Development Tools , and Non-Code Tools. All of this will facilitate the creation of new types of service level agreements and community use cases, and give developers and third party vendors better tools to design and build with or without programming skills depending on their purpose.
Read the blog post here to learn more about these innovations.
About the DSLA protocol
DSLA is a risk management framework that allows developers and infrastructure operators to mitigate the risk of delays, service outages and financial losses to their users through the use of self-executing service level agreements, bonus-malus insurance and crowdfunded liquidity pools.
Its main application is to compensate for the financial losses associated with proving bad faith on the part of delegations and WiFi users, while promoting the good performance and reliability of stacking pool operators and WiFi service providers such as Uniswap (AMM) and OpenSea (NFT).
For more information on the DSLA protocol, visit stacktical.com.
Official blog – blog.stacktical.com
This is a press release. Readers should do their own due diligence before taking any action regarding the advertised company or any of its subsidiaries or services. Bitcoin.com shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services mentioned in the press release.
Photo credit: Shutterstock, Pixabay, Wiki Commons
dsla protocol price prediction,dsla protocol news,dsla coin,dsla protocol reddit,dsla mainnet,dsla protocol binance,Privacy settings,How Search works,where to buy dsla protocol,dsla protocol website